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GDX, DPST: Big ETF Outflows
Wednesday, April 10, 11:07 AM ET
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Gold Miners ETF, where 9,700,000 units were destroyed, or a 2.1% decrease week over week. Among the largest underlying components of GDX, in morning trading today Barrick Gold is up about 1%, and Newmont Mining is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the Daily Regional Banks Bull 3X Shares, which lost 350,000 of its units, representing a 36.8% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase
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